RE: Calm Down! A Few Thoughts about Investing and the Ups and Downs of the Cryptocurrency Markets
The tide and waves we ride on the little canoe that is Crypto in the big SEA of moneys is a fun ride... After you chill and realize that each dip is that sale day and the peaks are fun to buy stuff with the crypto turning it into real things. This is one of the reasons I like running a mining rig or two they earn more when crypto when the price drops and when the price is high I can buy some more hardware. Steem is also a fun safe place to ride up the storm as we get tossed and turned as the world breaths in and out we are watching the pulse of the planet and right now a few drops in the bucket are sloshing around. When we grow to the size of a floating island the ups and downs are less noticable. I for one am loving this ride bring on the roller coaster. When you look at CoinMarkets.today and set it to the 1 month you see the market is still all green. You can set it to the past hour and see what it is doing right now It is going back up so hope you all picked up some discount crypto on the ride down... 2018 here we come!!!!
I think 2018 will be a great year! In 2017, we saw the industry go from "nerd money" to "somewhat known," and market caps grew from $18.3 billion in January 1st to over 0.5 trillion as I write this. I think 2018 might be "the year of the alt coin" as people more and more realize there's more to cryptocurrency than "just Bitcoin." Just earlier, I was reading about the Facebook-Litecoin connection... I think we will see a LOT more things like that.
And you're right, the longer you set your time horizon, the more stable your upwards curve looks.
ahh the good old days of double digit billions.... yes this year was one hell of a ride. I also heard the rumor of litecoin to Facebook... and picked some up on the dip, yeah I bought it with other crypto so it is more like jumping from one ship to the next as the ocean keeps rising. It is going to be fun to look back at the good old days of only .5 trillion Market caps. And facebook accepting litecoin we can go tell the users hey check it out they accept it but don't pay it... want to earn some crypto for your efforts... come right this way we have a super fast free to use crypto called STEEM and oh yeah you hold the keys to your own social presents on STEEM... so many good points to bring them over to the STEEM side of the force.....